Newsletter

It’s a long day but this BROADCOM (AVGO) news is important. As you know, the SEMIS are the most important group to our work as they continue to lead markets up and down. It used to be the FINANCIALS were first and SEMIS second. No longer. So…we will watch closely. Fundamentally, we have been saying…

SEMIS and FINANCIALS took brunt yesterday but major indices not going anywhere…and after weak overnight, we walk into an up morning as CHINA reversed early big losses. Regardless, the Fed is next week. We expect them to lower rates or telegraph the lowering of rates in the next meeting…and that is usually what matters most….

Strong day yesterday with some give-back as the Mexico tariff thingy ended. We walk into another gap to the upside this morning as yields back up and money is deployed. An amazing more than a “V” shaped move back up off of one thing…OUR FED once again crapping in their pants about a correction in…

CRM buying DATA…software names that were breaking down last Monday…that ramped on the 2nd Powell, up strong on the news. Fake meat companies soaring on losses…but strong sales. UTX buying RTN. No Mexico tariffs…duh…we told you it would not happen. Bearish markets used to take time turning…no longer as again, the Fed could not even…